Steve Sosnick, Interactive Brokers’ chief strategist, discusses the market dynamics amid a closely watched earnings season.
Investors found some solace in the solid earnings performance of the flagship tech giants such as Amazon (AMZN), Facebook (FB) and Google parent Alphabet (GOOGL).
Photo Credit: Markus Trienke via Flickr Creative Commons
Thank god we nipped that one in the bud.
Mark Hulbert, a 30-year market veteran, sees an increased chance of a correction. If that happens, long-short investments may be a way to play the downside.
The S&P 500 does not look expensive based on the forward valuation that many investors are used to seeing, but it’s getting close based on the “new normal”.
A more aggressive stance from model manager Mike Arold and relative weakness in utility stocks would signal that the market is back in rally mode.
